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0 0 0.000904941377698675 0.000904941377698675 0.000904941377698675 0.00239660298928976 0.0063743672868664 0.0063743672868664
Stock impact report

Renault, Nissan Back More Share Sales in Alliance Loosening [Yahoo! Finance]

RENAULT SA UNSP/ADR (RNLSY) 
NASDAQ:AMEX Investor Relations: group.renault.com/en/finance-2
Company Research Source: Yahoo! Finance
financial flexibility as it seeks a turnaround under a new chief executive officer. Most Read from Bloomberg Gold-Rush Fever Returns to Historic New Zealand Mining Town What Frank Lloyd Wright Learned From the Desert Bank Regulators Fight for Desks as OCC Returns to New York Tower These US Bridges Face High Risk of Catastrophic Ship Strikes Charter Schools, Colleges Push Muni Debt Distress Near Record The companies will be able to reduce their cross-ownership to 10%, from 15% previously, Renault said Monday. The move allows Nissan to sell as much as one-third of its Renault stake, which could raise around €690 million ($746 million) at current valuations. Renault — still Nissan's biggest shareholder with a 36% stake — has been partially unwinding the partnership amid mounting rivalries and mutual suspicion. The Japanese automaker is under pressure to bolster its finances, refresh an outdated lineup and navigate the upheaval caused by Donald Trump's tariff push. The a Show less Read more
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